TSMC expects disappointing sales due to weak iPhone demand

Jamie McKane

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TSMC expects disappointing sales due to weak iPhone demand

Taiwan Semiconductor Manufacturing Co. forecast quarterly revenue sharply below projections, underscoring the deepening slowdown in both iPhone sales and the global economy.

Apple Inc.’s main chipmaker foresees revenue of $7.3 billion to $7.4 billion this quarter, trailing the $8.1 billion average of analysts’ estimates.

[Bloomberg]
 
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